AIBRX Fees and Costs — International Bond Fund, R Class
Data updated: 2024-03-27
The net expense ratio is 1.30%: a 0.79% management fee, a 0.50% 12b-1 fee plus 0.01% other expenses. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $43K in broker commissions, 0.0067% of average net assets, and portfolio turnover was 63%.
AIBRX Fees and Expenses
Annual operating expenses and sales charges of AIBRX. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.79% |
| 12b-1 fee | 0.50% |
| Other expenses | 0.01% |
| Gross expense ratio | 1.30% |
| Fee waiver | — |
| Net expense ratio | 1.30% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
AIBRX Costs Over Time
On $10,000 invested in AIBRX, assuming 5% a year before costs, total costs come to $812 over 5 years, cutting the return by 1.37% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.30%) | $136 | $425 | $734 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $21 | $75 |
| Total costs | $137 | $448 | $812 |
| Value after costs | $10,363 | $11,128 | $11,950 |
| Impact on return, per year | 1.37% | 1.37% | 1.37% |
AIBRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0067%
- Total broker commissions: $43K
- Bought from dealers (principal trades, not a cost): $12.1B
- Portfolio turnover (prospectus): 63%
- Securities lending: none during the year
AIBRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Bank of America Merrill Lynch | $43K | 100.00% |
AIBRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Global Markets | $4.3B | 37.70% |
| Bank of America Merrill Lynch | $1.8B | 16.00% |
| BMO Capital Markets | $1.2B | 10.00% |
| J.P. Morgan Securities | $1.1B | 9.91% |
| Goldman Sachs | $991.1M | 8.61% |
| Morgan Stanley | $872.6M | 7.58% |
| UBS Warburg | $624.5M | 5.43% |
| Citigroup Capital Markets Inc | $208.2M | 1.81% |
| Credit Lyonnais | $187.1M | 1.63% |
| HSBC Securities Incorporated | $153.6M | 1.33% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.